Defining e-Signatures
Electronic signatures or e-signatures signify and embody the consent of a party to be bound by a contract through electronic means, instead of ink on paper. It is verifiable and legally binding and can validate, track and retain signatures and signatory information at every stage of a document's lifespan.
For Legal – It permits completely remote signing while adhering to the rules outlined in contracts.
For Sales – It frees up your team from manual administrative work so they can concentrate on their sales results.
For Procurement – It enables you team to close deals faster by avoiding the cumbersome tasks of tracking down signatures.
For HR – It boosts efficiency by allowing current and incoming employees to sign documents anywhere.
There is much to be gained in implementing e-signatures in your business, from reduced costs to increased team efficiency. Many platforms offer a standalone product allowing the use of e-signatures in your documents. However, contract management platforms take this a few steps further by building a system based on your team’s workflow to manage all your agreements from creation until renewal. Book a demo with Lexagle today and discover our contract management capabilities that directly address common business pain points.
